Arkansas Best (ABFS) Started at Underweight at Piper Jaffray

Posted: Friday, November 13, 2009 2:43 PM EDT

Arkansas Best (NasdaqNM: ABFS) opened at $24.60. So far today, the stock has hit a low of $24.31 and a high of $25.36. ABFS is now trading at $25.02, down $.10 (-0.4%). Over the last 52 weeks the stock has ranged from a low of $15.84 to a high of $34.56. ABFS shares are falling today after analysts at Piper Jaffray initiated the stock at Underweight. Technical indicators for the stock are bullish and S&P gives ABFS a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on ABFS the stock seems like it could be a candidate for a March out-of-the-money bear-call credit spread above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (ABFS)